Southeast corporation made sales of $ 950 million during 2018. of this amount, southeast collected cash for $ 876 million. the company's cost of goods sold was $ 260 million, and all other expenses for the year totaled $ 275 million. also during 2018, southeast paid $ 410 million for its inventory and $ 250 million for everything else. beginning cash was $ 75 million. a. how much was southeast's net income for 2018? b. how much was southeast's cash balance at the end of 2018? a. how much was southeast's net income for 2018?

The cash balace was  $291.000.000

The Net Income was   $415.000.000    

Explanation:

You have to divide the  operations in two the operations that represent cash flow  and operations that only represent a register in the accounting but doesn't represent money exchange.

Net income

Sales                              $950.000.000  

Cost of sold goods       -$260.000.000    

other expenses             -$415.000.000    

Total net income            $415.000.000    

Cash balance

Beginning Cash             $75.000.000    

Collected cash                +$876.000.000    

Paid invetory                   - $410.000.000    

Paid Everything else      -  $250.000.000    

Total cash balance          $291.000.000    

As you can see the first things that you have to do is clasified the movements if they represents money gets by yhe company(+) or cost or expeditures(-), and after you have to make the operations.

almost done 23 out of 25

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